Washington and Beijing have reached a significant framework agreement concerning the future ownership of the popular social media platform, TikTok, in the United States. The deal comes after years of negotiations and concerns over security and data privacy. U.S. President Donald Trump announced the potential deal, hinting at progress in resolving longstanding disputes over the app’s operation in the US.
The agreement aims to allow U.S.-based investors to take ownership of TikTok’s American operations. Major investors such as Oracle are reported to be involved, although details on the final buyers remain under discussion. The deal marks a breakthrough amid ongoing trade tensions between the world’s two largest economies.
This framework is expected to avoid the U.S.-implemented ban on TikTok, which had been legally mandated to be removed if a U.S. ownership solution was not reached. Chinese technology giant ByteDance, TikTok’s parent company, has agreed to the terms that would address U.S. security concerns.
The announcement has led to various reactions in the political arena, with some U.S. lawmakers demanding closer scrutiny of the deal to ensure national interests and data security are fully protected. President Trump plans to speak with Chinese President Xi Jinping soon, further emphasizing the importance of this development.
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